August 2, 2021
A strong system to commercialize research is one of the great advantages available to American scientists and inventors. The U.S. Constitution, adopted in 1787, included a clause for the creation and operation of a patent office so that inventors could control their intellectual property and work with the private sector to create great products and services. This astounding system produced effective vaccines for Covid-19 less than one year after the virus first appeared. The commercialization of research conducted by scientists occurs through a process called technology transfer. Scientists, often based at universities, academic hospitals and private research labs, conduct scientific research. Traditionally, they will publish the findings of their research in prestigious journals, secure more grant funding and continue on.
June 24, 2021
Eastport, ME is the deepest port in the continental United States. It is the closest American port to Europe, and if climate change continues, maybe to Asia. It is where we can learn how to use the ocean as a renewable and reliable energy source for Americans and the world. But it is also one of the poorest parts of the Eastern United States, without highways, rails or an economic strategy to connect it to the rest of the Northeast. Every few years, someone writes an article about Eastport, ME – usually incredulous that the United States has such an underdeveloped physical asset so close to the bustling East Coast. In addition to the port and the possibility of renewal energy, it is, after all, also part of Vacationland – just a few hours north of Acadia National Park and million-dollar coastal vacation homes. Unfortunately, the timing, financing and strategic planning have never come together to develop the region to its potential.
April 24, 2021
Long-term, this crisis is a reflection of India’s chronic underinvestment in healthcare. According to its own data, India spends less than 3% of GDP on healthcare—the lowest among OECD nations.
March 9, 2021
NR Narayana Murthy, the founder of Infosys, one of the world’s largest technology companies, once told me that the key to building a successful organization was to find one thing you do really well and keep doing it well over and over again. Another leading American tech entrepreneur told me that if I was focused, there was a lot I could get done in 8 hours a day. And every aspiring entrepreneur has been advised to stay very focused in their early days. Focus is paramount for building and delivering an excellent product. But one of the great paradigm shifts over the last decade has been the drastic reduction in the cost of launching and operating a business. The Founders Institute estimates that with the combination of cloud computing, mobile solutions, crowdfunding and social media, a startup can launch for just $1500 and grow quite large without requiring outside investors or strategic partners
February 3, 2021
Net job creation in the United States for the last 30 years has come from high-growth startup companies introducing new technologies and scientific discoveries. These startups are borne of science, fact, verified data and millions of hours of effort by real people. The most recent PwC Moneytree/CB Insights Report, released just a few weeks ago, confirms the overwhelming dominance of a few states as home to America’s startups, venture capital and innovation. Even with high profile departures, 74% of venture capital in America still went to California, New York, and Massachusetts in 2020. Of the top ten tech hubs, as measured by both startup deals and dollars invested, Miami is the only non-traditional city to make the list, and given its location and ties to the Northeast, Miami doesn’t really qualify as “flyover country”.